BMW sales in Asia surge

Wed, 30 Jul 1997 | Source: AFP

SINGAPORE (AFP): German auto-maker BMW said yesterday its car sales in Asia, excluding Japan, surged 30 percent above the previous year to 13,453 units in January-June despite a slowdown in Thailand and South Korea.

But turmoil in regional currency markets would depress overall passenger car sales in the second half, BMW said.

China, Taian and Indonesia were the star performers among BMW's regional markets in the firs half, with car registrations jumping 258 percent, 55 percent and 41 percent respectively over the same period of 1996.

BMW deliveries in Hong Kong, Malaysia, the Philippines and Singapore grew by more than 30 percent each, and in Taiwan by 55 percent, according to a statement released by Singapore-based BMW Asia Pte. Ltd.

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